Been interested in life insurance but thought it was too expensive? The Federal Employees’ Group Life Insurance Program (FEGLI) is opening an enrollment opportunity called an "open season" from September 1 - 30 this year. During the open season, if you are an eligible Federal employee, you can elect any coverage that FEGLI offers on the lives of your eligible family members.
Unlike other federal employee benefit programs that hold annual Open Seasons, FEGLI open seasons enrollment opportunities are fairly rare, with the last one occurring in 2004.
Any coverage changes made under the upcoming FEGLI Open Season will take effect October 1, 2017, and the Open Season is available only to current federal employees. All enrollments or other FEGLI changes should be provided to your servicing EPA HR office.
The OPM-sponsored program is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members. OPM is charged with administering the program and setting premiums, and contracts with Metropolitan Life Insurance Company (Metlife) to provide the insurance coverage. In fiscal year 2015 over 76,000 death and dismemberment claims were paid, totaling $2.9 billion in benefit payments.
Additional information from OPM here.